Warner Music Group Balance Sheet

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	751	532	694	641	584	499
Trading Asset Securities	-	-	-	2	2	-
Cash & Short-Term Investments	751	532	694	643	586	499
Cash Growth	-8.08%	-23.34%	7.93%	9.73%	17.44%	-9.77%
Receivables	1,374	1,340	1,255	1,120	984	839
Inventory	60	62	99	126	108	99
Prepaid Expenses	169	166	125	100	89	86
Other Current Assets	664	670	470	413	372	373
Total Current Assets	3,018	2,770	2,643	2,402	2,139	1,896
Property, Plant & Equipment	597	630	706	703	641	632
Long-Term Investments	-	8	9	15	52	63
Goodwill	2,063	2,061	2,021	1,993	1,920	1,830
Other Intangible Assets	2,844	2,879	2,511	2,502	2,384	2,171
Long-Term Deferred Tax Assets	90	111	52	32	29	31
Other Long-Term Assets	1,399	1,370	1,213	898	663	588
Total Assets	10,011	9,829	9,155	8,545	7,828	7,211
Accounts Payable	201	257	289	300	268	302
Accrued Expenses	3,644	3,437	3,207	2,770	2,392	2,355
Current Portion of Leases	47	43	45	41	40	43
Current Unearned Revenue	246	286	246	371	423	348
Other Current Liabilities	172	178	110	57	245	102
Total Current Liabilities	4,310	4,201	3,897	3,539	3,368	3,150
Long-Term Debt	4,371	4,365	4,014	3,964	3,732	3,368
Long-Term Leases	188	200	228	255	241	287
Pension & Post-Retirement Benefits	-	38	38	-	-	-
Long-Term Deferred Tax Liabilities	169	164	195	216	220	207
Other Long-Term Liabilities	144	104	108	141	99	153
Total Liabilities	9,182	9,072	8,480	8,115	7,660	7,165
Common Stock	1	1	1	1	1	1
Additional Paid-In Capital	2,154	2,166	2,077	2,015	1,975	1,942
Retained Earnings	-1,255	-1,331	-1,313	-1,387	-1,477	-1,710
Comprehensive Income & Other	-180	-189	-247	-322	-347	-202
Total Common Equity	720	647	518	307	152	31
Minority Interest	109	110	157	123	16	15
Shareholders' Equity	829	757	675	430	168	46
Total Liabilities & Equity	10,011	9,829	9,155	8,545	7,828	7,211
Total Debt	4,606	4,608	4,287	4,260	4,013	3,698
Net Cash (Debt)	-3,855	-4,076	-3,593	-3,617	-3,427	-3,199
Net Cash Per Share	-7.38	-7.83	-6.94	-7.01	-6.66	-6.23
Filing Date Shares Outstanding	522.29	522.4	517.99	516	514.85	514.54
Total Common Shares Outstanding	522.29	522.29	517.94	516	514.85	514.39
Working Capital	-1,292	-1,431	-1,254	-1,137	-1,229	-1,254
Book Value Per Share	1.38	1.24	1.00	0.59	0.30	0.06
Tangible Book Value	-4,187	-4,293	-4,014	-4,188	-4,152	-3,970
Tangible Book Value Per Share	-8.02	-8.22	-7.75	-8.12	-8.06	-7.72
Land	-	10	11	11	11	12
Buildings	-	190	216	194	188	185
Machinery	-	853	737	669	518	493
Construction In Progress	-	89	132	107	159	93

Source: S&P Global Market Intelligence. Standard template. Financial Sources.